Evolving asset management regulation 2026 report

Regulatory change remains a defining feature of the asset management landscape. While the pace of reform continues, the focus has shifted from creating entirely new frameworks to realigning existing rules to better support growth, competitiveness and effective market functioning.

Drawing on insights from almost 250 regulatory developments across more than 20 jurisdictions and global standard-setting bodies, KPMG's 16th annual Evolving Asset Management Regulation report explores the trends shaping the regulatory agenda for asset managers worldwide.

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Six key regulatory themes for asset managers

Select one of the chapters below to get an overview of each of the six key regulatory themes. Or download the full report to get all the details from around the world.

Simplification drives reform, but complexity persists

Priorities converge on valuation, liquidity, conflicts, risk and reporting

AI regulation diverges

Investor protection intensifies despite wider streamlining measures

Resilience continues to be a strategic priority

Sustainable finance rules

What may distinguish successful firms in this environment? In my view, it comes down to strong governance, disciplined oversight, and the ability to deliver high-quality products that meet evolving client needs. Equally important is maintaining high standards of conduct, building organizational resilience, and adopting new technologies responsibly as part of a long-term business strategy.

David Neuenhaus

Global Sector Head of Private Capital and Asset Management

KPMG in the US

Evolving asset management regulation 2026 report

An essential resource for navigating today's shifting asset management regulatory landscape

Download the full report

Download the the 2025 report

How KPMG can help

KPMG’s global network of private capital and asset management practices offers a wide range of services to clients at national, regional and global levels. KPMG professionals in Audit, Tax and Advisory are specialists in their fields and have deep experience in the issues and needs of investment management businesses.

Member firms’ clients include investment managers, wealth managers, fund administrators and service providers which focus on mutual funds, hedge funds, private equity funds, infrastructure funds and real estate funds, and institutional investors such as pension funds and sovereign wealth funds.

We have a range of services that can help you address risk and regulatory change and use it to accelerate business transformation. Contact your local KPMG member firm today to learn more.